October 7, 2017

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Ghostface’s cryptocurrency demands bulletproof wallets

by John_A

At this point it’s kind of surprising that Wu-Tang Clan hadn’t gotten into the cryptocurrency game. After all, even Burger King is doing it and Wu-Tang Financial was all about diversifying your investments. Ghostface Killah has picked up the baton, though, announcing Cream Capital will be seeking a $30 million initial coin offering (ICO) for his branded bitcoins.

From CNBC: Cream Capital will be selling off “Cream Dividend” tokens in November; these can be exchanged for ether, the value tokens of the Ethereum blockhain.

As a means of reassurance, the ICO will be protected by a digital coin standard. Coins will be usable via a debit card and the outfit apparently has ATMs setup in North Carolina. It’s a bit south of Shaolin, but hey, who are we to judge. Oh, and as you might expect, the name stands for “crypto rules everything around me.” Naturally. If you’re intrigued and want to learn more, that’s why this white paper (PDF) exists.